Greenworld Development, Inc. (GREW)

Possible new subsiduary. As of the B5 share allotment form on record as of 4/1/2015 Grew Energy was 49.7% owned by their subsiduary Greenworld International Resources Ltd which is wholey owned by Greenworld Development, Inc (GREW) per 10Ks and 10QsCHECK OUT POST #619 SHOWING PROOF OF SHARE OWNERSHIP

Outstanding Shares is 98,074,644 as of November 10th 2013 Authorizable is 300,000,000 shares

The condensed consolidated financial statements include the accounts of Greenworld Development, Inc. and its wholly-owned subsidiaries, Greenworld USA LLC and Greenworld International Resources Ltd. All intercompany accounts and transactions have been eliminated in consolidation.

View of documents from GREW Energy registered

https://search.cro.ie/company/ListSubDocs.aspx?id=426538&type=C

Check out the pending website under Construction

http://www.grewenergy.com/

Notice that GREW is in white and Energy is in Green is that being SYMBOLIC???

Only when management allots additional shares (i.e. equivalent to issuing authorized shares) will we know for certain who gets what of this $100,000,000 waste to energy deal. We will have to wait for an official PR from the company or additional filings from Ireland under Grew Energy PLC as the story unfolds.http://www.solocheck.ie/Irish-Company/Grew-Energy-Public-Limited-Company-426538

Local Company Mubadara Signs Joint Venture Agreement With Irish Green Technology Company in Riyadh

Monday, April 27, 2015

Local Company Mubadara today announced that it has signed a joint venture with Irish waste to energy technology company Grew Energy plc to establish a $100 million plant within the industrial region of Riyadh

The joint venture will “showcase” the grew energy technology with a view to developing future similar type operations throughout the kingdom. The deal will initially generate annual revenues of around $10m, with potential to grow substantially over the next 2 years

Mubadara and grew energy signed the agreement in Riyadh this morning in the presence of Saudi minister and Irish minister Mr Richard bruton Announcing the agreement, Khalid Othman, chief executive officer of mubadra, said: Waste management in Saudi Arabia is a growing issue and our joint venture with grew energy is well equipped to deliver a safe sustainable solution in Riyadh and nationwide

Mr.khalid went on to say, mubadara is delihted to have come across grew energy in its search for suitable technology partner. We have witnessed first-hand the energy technology, along with the in-depth technical expertise and skillset of its much experienced team

Mr pearse o`kane, coo of grew energy said: Mubadra`s multi-disciplined group of companies comes with a clear understanding of these particular market requirements, which nicely complements our technology and services. This agreement represents the beginning of excellent opportunity for both our companies, he added

Congratulating mubadra on its announcement, minister said:I`d like to warmly congratulate mubadara on signing this significant agreement. This partnership with grew energy is remarkable achievement for an entrepreneurial Saudi company. Mubadra is a fine example of the success that specialized Saudi companies can achieve by securing world class technologies and clint-tailored solutions. I wish them every success in this partnership and with their future plans.

Minister bruton added his best whishes to the partnership commenting: The promotion of green policy is leading priority for both our respective governments and partnerships such as this one represents a significant step forward in the direction of greener, more sustainable future.

https://search.cro.ie/company/ListSubDocs.aspx?id=426538&type=CDOCUMENT #58272776 from the Irelands Company Filings shows the Increase of Shares Notice the words Un-issued Ordinary shares. As of right now there are only 380,920 issued ordinary shares and from the previous B5 allotment form Greenworld Development thru its subsiduary owns 49.7% of this GREW Energy PLC but as of 5.21.2015 other shares were issued diluting ownership (CHECK POST 661). This is a similar process to increasing the authorizable shares here in America.

GREW ENERGY PUBLIC LIMITED COMPANY RECORDED 5.1.2015 EFFECTIVE 4.17.2015

Passed by way of Members written resolution in accordance with the Articles of Association on the 11• day of April 2015

SUB-DIVISION OF SHARES

AMENDMENT TO CLAUSE 4 OF THE MEMORANDUM OF

THAT, the 9,961,908 unissued ordinary shares of €1.00 each in the capital of the Company be and are hereby sub-divided into 99,619,080 ordinary shares of €0.10 each.

THATthe 38,092 issued ordinary shares of €1.00 each be and hereby sub­ divided into 380,920 ordinary sharesof €0.10 each

THAT the first sentence in Clause 4 of the Memorandum of Association be and is hereby amended to read as follows:

ASSOCIATION 4. The company's share capital is €10,000,000 divided into 100,000,000 ordinary shares of €0.1 each

AMENDMENT TO ARTICLE 2 OF THE ARTICLES OF

THAT Article 2 of the Articles of Association be and is hereby amended to read as follows

ASSOCIATION 2. The Share Capital of the Company is €10,000,000 divided into 100,000,000 ordinary shares of €0.10 each.